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58.080 Transfer of surplus to depreciation account.

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58.080 Transfer of surplus to depreciation account. If a surplus is accumulated in the operating and maintenance funds equal to the cost of <br>maintaining and operating the public project during the remainder of the calendar, <br>operating or fiscal year, and during the succeeding like year, any excess over such amount <br>may be transferred at any time by the governmental agency to the depreciation account, to <br>be used for improvements, extensions or additions to the public project. History: Created 1946 Ky. Acts ch. 126, sec. 8.